47
47
Feb 14, 2013
02/13
by
KCSMMHZ
tv
eye 47
favorite 0
quote 0
. >> now, billionaire investor warren buffett wants to dip into the catch of business. he is set to buy perhaps the world's most famous maker of ketchup. that is heinz. >> shares in heinz rose sharply on the news, gaining 20% by the end of the day. the pittsburgh-based company sells 650 million bottles of tomato catsup a year as well as producing many other food brands. there is another megadeal in the making -- american airlines and u.s. airways say they want to join forces in creating the biggest airline in the world in terms of passengers. >> that move comes just one year after american airlines filed for bankruptcy. analysts say the merger is likely to trigger more consolidation of airlines in the u.s. >> first, it has to get pass congress, and a leading legislator has already asked if it could hurt consumers by cutting competition pam -- by cutting competition. >> the world largest airline could be created if a merger between u.s. airways and american airlines is approved. u.s. carriers dominate the global airline industry. in 2011, american airlines was in fourth
. >> now, billionaire investor warren buffett wants to dip into the catch of business. he is set to buy perhaps the world's most famous maker of ketchup. that is heinz. >> shares in heinz rose sharply on the news, gaining 20% by the end of the day. the pittsburgh-based company sells 650 million bottles of tomato catsup a year as well as producing many other food brands. there is another megadeal in the making -- american airlines and u.s. airways say they want to join forces in...
112
112
Feb 15, 2013
02/13
by
KQEH
tv
eye 112
favorite 0
quote 0
airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren buffett, who's shied away from working with private equity partners, is teaming up with 3g capital in a $28 billion deal-- close to $24 billion of that in cash and the assumption of $4 billion in debt-- to take h.j. heinz private. >> warren buffett is starting to get older at this point, and, in this case, he's having 3g handle the operational side of this transaction. >> reporter: while buffett's age may be advancing, he's still very intere
airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's...
83
83
Feb 15, 2013
02/13
by
KQED
tv
eye 83
favorite 0
quote 0
. >> warren buffett is starting to get older at this point, and, in this case, he's having 3g handle the operational side of this transaction. >> reporter: while buffett's age may be advancing, he's still very interested in doing deals in well-known brands. it's not the first time buffett has partnered to do a deal. five years ago, berkshire worked with mars in a $23 billion acquisition of wrigley. and just last year, berkshire was part of an unsuccessful $10 billion bid by coty to buy avon. but new york university business professor aswath damodaran says this deal is all about the experience 3g's team brings to the table. >> the one thing they have going for them is, they've run other companies very well in brazil for a long time. and these are people with a long history in consumer products. >> reporter: others say 3g, like buffett, is in it for the long- haul. >> 3g likes to hold its investments for the long-term, so it doesn't look to, like, buy then sell in a few years like a lot of private equity firms. >> reporter: 3g is run by jorge paulo lemann. he and buffett both served on
. >> warren buffett is starting to get older at this point, and, in this case, he's having 3g handle the operational side of this transaction. >> reporter: while buffett's age may be advancing, he's still very interested in doing deals in well-known brands. it's not the first time buffett has partnered to do a deal. five years ago, berkshire worked with mars in a $23 billion acquisition of wrigley. and just last year, berkshire was part of an unsuccessful $10 billion bid by coty to...
653
653
Feb 14, 2013
02/13
by
FBC
tv
eye 653
favorite 0
quote 0
warren buffett's company, berkshire hathaway, buying time out right here. they called it at 7250. >> yes, they just think it's a great product. he said he was absolutely going to be in for the long term. liz: it's not a classic equity deal where they shine it up. david: we just saw whole foods getting kicked today about 10%. >> that is not good news. david: as you can see, we have very big movements. do not be fooled when we see the dow jones down, the s&p 500 is up a little bit. less than a 10th of a percentage point, nasdaq, the biggest mover is the rest of 2000. it is the individual stocks, we have seen some big movements by individual stocks and we will be talking about coming up. liz: did you see the coal industry sector? lots of natural resources after the fourth-quarter earnings. all gaining more than 4%, 13 full percentage point. david: when you see that it is settling at the lowest level in six months, that is what gives people a lot of concern. it is just about at the 200 day moving average. a lot of gold traders and a stronger dollar. it led to t
warren buffett's company, berkshire hathaway, buying time out right here. they called it at 7250. >> yes, they just think it's a great product. he said he was absolutely going to be in for the long term. liz: it's not a classic equity deal where they shine it up. david: we just saw whole foods getting kicked today about 10%. >> that is not good news. david: as you can see, we have very big movements. do not be fooled when we see the dow jones down, the s&p 500 is up a little...
143
143
Feb 14, 2013
02/13
by
FBC
tv
eye 143
favorite 0
quote 0
warren buffett is buying heinz. along with 3g capital, that is. >> one of the things that he said, stuart, is that they have great tasting products. stuart: it is a name that the whole world knows. >> we will get above those highs. >> if we do not have confidence in the market, we are in a really bad situation. stuart: we had to heinz buyout by warren buffett and then we have the
warren buffett is buying heinz. along with 3g capital, that is. >> one of the things that he said, stuart, is that they have great tasting products. stuart: it is a name that the whole world knows. >> we will get above those highs. >> if we do not have confidence in the market, we are in a really bad situation. stuart: we had to heinz buyout by warren buffett and then we have the
97
97
Feb 14, 2013
02/13
by
FBC
tv
eye 97
favorite 0
quote 0
warren buffett playing catch up. in the food business, buying heinz and the merger to greet the world's biggest airline, what your next move should be. tracy: we will go behind the american airlines u.s. merger, what it means to you the traveler. my guess is not good. dennis: co-pilot cheryl casone live in miami. cheryl: ask yourself this, is new york anti business? we have a guest coming up on markets now. he can recruit lots of guys to bring it to florida. he will be joining me. and then coming up at 12:30 eastern time. the state of miami real-estate, a lot cheaper to do business from the real-estate perspective in miami. we do stocks now, nicole petallides dow in the ran a little bit on this valentine's day. nicole: great work in miami. financial firms by the stock exchange heading to florida where it is more business friendly. the dow down 15 points, loss of 1/10%, the s&p and nasdaq pulling back slightly, nowhere near the 14,000 mark, we are thirtysomething points away and we have seen some tough economic news f
warren buffett playing catch up. in the food business, buying heinz and the merger to greet the world's biggest airline, what your next move should be. tracy: we will go behind the american airlines u.s. merger, what it means to you the traveler. my guess is not good. dennis: co-pilot cheryl casone live in miami. cheryl: ask yourself this, is new york anti business? we have a guest coming up on markets now. he can recruit lots of guys to bring it to florida. he will be joining me. and then...
26
26
Feb 14, 2013
02/13
by
FBC
quote
eye 26
favorite 0
quote 1
i think warren buffett is the "oracle of omaha" for a reason. take a look what airline stocks did today. even though there is some evidence that in these big mergers, these big airline consolidation that is the airline stocks do pretty well. in agenda they're not doing very well. they don't seem to like this much at all. what about the new american, the new american airlines? the us airways name, by the way goes away. it goes to the barn where brand any of and american and twa live right now. this new american will have $239 billion in revenue in 2012. it would be 2% larger than ual. it will be the world's biggest airline and better positioned to compete with united in markets like this in chicago. it will cost about a billion dollars to do the merger. they say they will save a billion dollars in costs and 6700 daily flights, 336 destinations, 56 countries. is bigger better at this point? we don't know. tracy: jeff flock out at
i think warren buffett is the "oracle of omaha" for a reason. take a look what airline stocks did today. even though there is some evidence that in these big mergers, these big airline consolidation that is the airline stocks do pretty well. in agenda they're not doing very well. they don't seem to like this much at all. what about the new american, the new american airlines? the us airways name, by the way goes away. it goes to the barn where brand any of and american and twa live...
151
151
Feb 14, 2013
02/13
by
CNBC
tv
eye 151
favorite 0
quote 0
bob miles, the author of the warren buffett, ceo. bob, i'm going to pick up our conversation right where we left in with andrew ross sorkin, what do you think the strategy is of mr. buffett is buying heinz? will heinz be used as a rollup vehicle to acquire other food companies in your view? >> well, first of all, happy valentine's day. i'm a little bit surprised on valentine's day that warren didn't buy a flower company since he already owns a chocolate company and jewelry store chain. but i think heinz is no surprise. he likes family operations, 140 years in old industry companies like underwear and dairy queen. so it's no surprise. >> but in terms of the lo longer-term strategy because we're always thinking what is next, seeing food companies on this notion they might be takeover targets down the line. do you think this is part of a longer-term strategy of mr. buffett's to roll up other food companies? >> i think if he finds value, he'd be very interested in private companies, food companies like mars and wrigley, which were actual
bob miles, the author of the warren buffett, ceo. bob, i'm going to pick up our conversation right where we left in with andrew ross sorkin, what do you think the strategy is of mr. buffett is buying heinz? will heinz be used as a rollup vehicle to acquire other food companies in your view? >> well, first of all, happy valentine's day. i'm a little bit surprised on valentine's day that warren didn't buy a flower company since he already owns a chocolate company and jewelry store chain....
56
56
Feb 16, 2013
02/13
by
FBC
tv
eye 56
favorite 0
quote 0
will not come even warren buffett, warren buffett himself lower taxes. that is the funny part of this whole story. rich people are reorganizing taxes that they don't think they are going to get. [talking over each other] [talking over each other] neil: i think we have a do-nothing thing. republicans are reluctant to touch defense. >> the only solution is to cut spending. our goal should not be what should the federal government be, it should be wealth creation from americans. the propensity to want to cut spending, whether it's on the democratic side or the republican side, especially when it comes to their programs as well, it is in there. so i'm looking at what you're saying. i am very worried -- i'm worried that we are going to get back to paying just a majority of what we make. >> we are very spoiled in this country. we want everything and we don't want to pay for it. [talking over each other] [talking over each other] [talking over each other] neil: only half are paying their income taxes. we are paying for it. if you are right, people care about th
will not come even warren buffett, warren buffett himself lower taxes. that is the funny part of this whole story. rich people are reorganizing taxes that they don't think they are going to get. [talking over each other] [talking over each other] neil: i think we have a do-nothing thing. republicans are reluctant to touch defense. >> the only solution is to cut spending. our goal should not be what should the federal government be, it should be wealth creation from americans. the...
142
142
Feb 15, 2013
02/13
by
FBC
tv
eye 142
favorite 0
quote 0
george soros, new secretary of state john kerry, and warren buffett, yes, the warren buffett rule. on the agenda coming up and also on the agenda, climate change and the carbon tax. yesterday the environmentalist made the claim that green energy is cheaper than coal and natural gas. really? we'll get the facts and a reaction to this after the break. >> clean energy, that's also available here in the the united states, that's coming in now cheaper than coal. cheap her than new gas, puts more people to work than dirty fuels like coal and gas. >> wait a minute, wait a minute, wait a minute. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.
george soros, new secretary of state john kerry, and warren buffett, yes, the warren buffett rule. on the agenda coming up and also on the agenda, climate change and the carbon tax. yesterday the environmentalist made the claim that green energy is cheaper than coal and natural gas. really? we'll get the facts and a reaction to this after the break. >> clean energy, that's also available here in the the united states, that's coming in now cheaper than coal. cheap her than new gas, puts...
174
174
Feb 14, 2013
02/13
by
FBC
tv
eye 174
favorite 0
quote 1
we'll hear from warren buffett at 3:00 p.m. don't miss that. tracy: he is kind of a food guy, right. ashley: he is. tracy: dairy queen. ashley: he buys and likes what he knows. he likes ketchup on his fries. tracy: let's get back to the airline deal. american airlines and us airways teaming up in a $11 billion merger creating the largest airline in the world. american shareholders own 72% of the company which will keep the new american airlines name. jeff flock follows the story for us at o'hare airport. jeff, everyone want to know one thing will ticket prices go up because of all this consolidation? >> you know, i don't know the answer to that question but i do know what warren buffett said about airline stocks. if his for bearers had known what would invest coming in airline stocks they would have shot orville and wilbur down. he is food guy, not a airline guy. you can never be sure what will happen in terms of ticket prices. doug parker, the new ceo of american, says ticket prices will not go up. there will be more competition. it will be mo
we'll hear from warren buffett at 3:00 p.m. don't miss that. tracy: he is kind of a food guy, right. ashley: he is. tracy: dairy queen. ashley: he buys and likes what he knows. he likes ketchup on his fries. tracy: let's get back to the airline deal. american airlines and us airways teaming up in a $11 billion merger creating the largest airline in the world. american shareholders own 72% of the company which will keep the new american airlines name. jeff flock follows the story for us at...
153
153
Feb 15, 2013
02/13
by
KQED
tv
eye 153
favorite 0
quote 0
airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren buffett, who's shied away from working with private equity partners, is teaming up with 3g capital in a $28 billion deal--
airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's...
180
180
Feb 14, 2013
02/13
by
FOXNEWSW
tv
eye 180
favorite 0
quote 0
warren buffett was a fan of raising taxes on the upper income. the proof is in the pudding. what do you think of that? >> well, i don't know. it's hard to argue with the or or -- >> or cal of omaha. we'll choose to say i had lunch with mr. buffett on monday, i couldn't have been more thoroughly entertained and impressed with his knowledge of a variety of subjects including marshal goldburg who used to play for the university of pittsburgh football team. mr. buffett was a ball boy for the washington redskins. our lunch was those kinds of interesting things. while he don't necessarily agree on the tax comment, i pay more than 30%, i pay more than deny secretary. at the end of the day, i don't know the relevance of that but you can't argue with success of the markets recently. >> all right, my biggest thing with you is you've been in the food business all these years and ear not fat. that troubles me deeply. continued success and thank you very much for joining us. >> thank you, us a always, for having me. continued good luck with your show. >> i appreciate that, bill johnson,
warren buffett was a fan of raising taxes on the upper income. the proof is in the pudding. what do you think of that? >> well, i don't know. it's hard to argue with the or or -- >> or cal of omaha. we'll choose to say i had lunch with mr. buffett on monday, i couldn't have been more thoroughly entertained and impressed with his knowledge of a variety of subjects including marshal goldburg who used to play for the university of pittsburgh football team. mr. buffett was a ball boy...
289
289
Feb 14, 2013
02/13
by
CNBC
tv
eye 289
favorite 0
quote 0
joining us right now in the "squawk" news line is warren buffett. of course, the chairman and ceo of berkshire hathaway. warren, thank you for calling in this morning. >> glad to be here. >> so, this news caught all of us by surprise. $28 billion. we know you're always out with your big gun hunting for elephants. how long have you been searching for this one? >> well, george who runs 3g talked to me about about early december we were on a plane together. so i've followed, i've got a file on heinz that goes back to 1980. but, he is the one that got me going on this in early december. >> what is it that was proposed? this is a little bit of a complicated deal in >> yeah, well we're partners with 3g, and we'll both own a same amount of the equity. we'll own a preference stock in addition. it's my kind of deal and my kind of partner. >> what's the preferred stock that berkshire gets on top of the 50% of the equity stake? >> well we're putting up more of the money. but we're going to be an equal equity partner with 3g. and there will be $8 billion prefer
joining us right now in the "squawk" news line is warren buffett. of course, the chairman and ceo of berkshire hathaway. warren, thank you for calling in this morning. >> glad to be here. >> so, this news caught all of us by surprise. $28 billion. we know you're always out with your big gun hunting for elephants. how long have you been searching for this one? >> well, george who runs 3g talked to me about about early december we were on a plane together. so i've...
105
105
Feb 14, 2013
02/13
by
CNBC
tv
eye 105
favorite 0
quote 0
. >>> coming up, warren buffett makes a big bet on heinz. should you follow him into consumer stocks? >>> and sticking with food we're debating the sharp drop in shares of whole foods as the company issues a weak 2013 outlook. two traders battle it out straight ahead on the half. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. warren buffett's berkshire buying heinz in a joint deal with 3g, the acquisition is the largest ever in the food industry. let's bring in jon najarian who noticed some unusual options activity in heinz ahead of the announcement. doc,
. >>> coming up, warren buffett makes a big bet on heinz. should you follow him into consumer stocks? >>> and sticking with food we're debating the sharp drop in shares of whole foods as the company issues a weak 2013 outlook. two traders battle it out straight ahead on the half. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia...
157
157
Feb 11, 2013
02/13
by
FBC
tv
eye 157
favorite 0
quote 0
warren buffett is famed for saying business school isn't really necessary. this seems like something obviously that he liked because you've got him to sit on the advisory council. he came here and spoke to some of the graduates or people who were in the class. i thought to myself, we covered warren buffett a lot. he told me doesn't like sitting on board. he doesn't like doing charity events the fact you got him to do it, how do you sell it? >> small businesses. growing america. warren buffett is all about growing opportunities, growing jobs and growing the economy in the united states. we went to warren with this idea. he loved it at the first moment he saw it. he realized economic impact of really affecting small businesses in the united states. liz: you know small businesses have been through thick and thin and a lot of thin lately too. goldman sachs, one would argue has been through tough times during the financial crisis. the quarterly numbers, where i want to get to the business questions is what is happening. you guys killed it. you did extraordinarily
warren buffett is famed for saying business school isn't really necessary. this seems like something obviously that he liked because you've got him to sit on the advisory council. he came here and spoke to some of the graduates or people who were in the class. i thought to myself, we covered warren buffett a lot. he told me doesn't like sitting on board. he doesn't like doing charity events the fact you got him to do it, how do you sell it? >> small businesses. growing america. warren...
153
153
Feb 15, 2013
02/13
by
KQED
tv
eye 153
favorite 0
quote 0
airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren buffett, who's shied away from working with private equity partners, is teaming up with 3g capital in a $28 billion deal--
airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's...
97
97
Feb 14, 2013
02/13
by
WJLA
tv
eye 97
favorite 0
quote 0
. >> warren buffett is getting into the food business. arch are half weigh is teaming up with three g capital to buy -- berkshire hathaway is teaming up with three g capital to buy heinz. the mu has to be approved. shareholders expect to close it and the third quarter -- shareholders expect to close it and the third quarter. coming up people and one group are turning their heart ache around and using it as fuel to help themselves. >> some happy couples are tying the knot today. >> a milestone for the redskins today. >> here is a live look outside this noon. >> you're watching abc 7 at noon with scott thuman and cynne simpson. this is abc 7 news at noon. on your side. >> metro is proposing a deal in hopes of bringing the fbi's new headquarters to prince george's county. authorities will vote today whether to make 78 acres of its land available to the bureau. the fbi is looking in virginia and maryland for new states for its headquarters. the washington redskins start working on their new training camp in richmond today. virginia governor m
. >> warren buffett is getting into the food business. arch are half weigh is teaming up with three g capital to buy -- berkshire hathaway is teaming up with three g capital to buy heinz. the mu has to be approved. shareholders expect to close it and the third quarter -- shareholders expect to close it and the third quarter. coming up people and one group are turning their heart ache around and using it as fuel to help themselves. >> some happy couples are tying the knot today....
87
87
Feb 15, 2013
02/13
by
WRC
tv
eye 87
favorite 0
quote 0
the week's wheeling and dealing continue to roll high as the iconic ketchup brand sold to warren buffett. >>> shares of grupo modello were higher. federal regulators are worried about lack of competition in the beer market. >>> and airbus is scrapping the same lithium batteries in its new a-50s. >>> tiffany and company filed a lawsuit claiming it falsely sold under the tiffeny name. >> and walmart pulled a product from its shelves. >>> women have made huge strives in the workforce. women made only 81% as their male counterparts last year. and it was a very happy valentine for dave and nancy honeywell of fredericksburg, virginia. the lucky company collected $217 million from the powerball jackpot as a one-time payment of $136 million. the odds of that win, 1 in 175 million. >>> straight ahead, kangaroos take over a golf tournament. and lebron hands the cavs a big one. you're watching "early today." >>> welcome back. now to some other stories that caught our eye this morning. we start in connecticut where thousands came out to rally for gun control. marchers for change coincided with the t
the week's wheeling and dealing continue to roll high as the iconic ketchup brand sold to warren buffett. >>> shares of grupo modello were higher. federal regulators are worried about lack of competition in the beer market. >>> and airbus is scrapping the same lithium batteries in its new a-50s. >>> tiffany and company filed a lawsuit claiming it falsely sold under the tiffeny name. >> and walmart pulled a product from its shelves. >>> women have made...
121
121
Feb 15, 2013
02/13
by
KNTV
tv
eye 121
favorite 0
quote 0
the week's wheeling and dealing continued, heinz ketchup sold for $23 billion to warren buffett's berkshire hathaway. shares of anheuser busch, in bev and grupo modelo were higher after inbev changed the $20 million acquisition with the brewer. they were worried about lack of competition. >>> scrapping lithium batteries in a-350s, tiffany & company filed a federal lawsuit against costco thursday claiming it falsely sold diamond engagement rings in their stores under the tiffany name. >>> walmart's british supermarket discovered horse dna in it's beef bolognese sauce. >>> women making strides but still short when it comes to pay. new labor data shows women make 81% compared to their male counter-parts last year. >>> a very happy valentine's of dave and nancy honeywell. they collected a $207 million jackpot, a one-time payment of $136 million. the odds of that win, 1 in 175 million. >>> straight ahead, kangaroos take over a golf tournament and lebron hands kevin a big one just before the all-star break. you're watching early "today." stories that caught our eye this morning. in connecticut, t
the week's wheeling and dealing continued, heinz ketchup sold for $23 billion to warren buffett's berkshire hathaway. shares of anheuser busch, in bev and grupo modelo were higher after inbev changed the $20 million acquisition with the brewer. they were worried about lack of competition. >>> scrapping lithium batteries in a-350s, tiffany & company filed a federal lawsuit against costco thursday claiming it falsely sold diamond engagement rings in their stores under the tiffany...
117
117
Feb 15, 2013
02/13
by
CNBC
tv
eye 117
favorite 0
quote 0
what does it warren buffett purchase of heinz mean? >> i think it's very hard to make a larger argument about this. this was the dominant story of date obviously but muff likes dell situation, i think it's very much a one off. there was some bidding up of the other consumer companies, but this is a very big takeover, a warren buffett style company. i don't think you can make a larger argument about the heinz particular takeover. we're up to about $180 million of m & a in the first quarter. >> that's great. >> it's cooking. >> it also tells you money is very easy. it also tells you the m & a crowd, the private equity crowd, it's real cheap to borrow money to go and invest in these companies. >> there's a lofts cash sitting on the sideline. >> but jim pethokoukis, when you do gigantic m & a, do jobs go up or down? >> that depends on the deal. there's going to be some thinking that jobs are going to go down. >> diane, the same question. >> down. >> you're worried about job creation and growing the economy, m & a work? i'm a market guy, i'
what does it warren buffett purchase of heinz mean? >> i think it's very hard to make a larger argument about this. this was the dominant story of date obviously but muff likes dell situation, i think it's very much a one off. there was some bidding up of the other consumer companies, but this is a very big takeover, a warren buffett style company. i don't think you can make a larger argument about the heinz particular takeover. we're up to about $180 million of m & a in the first...
87
87
Feb 15, 2013
02/13
by
WBAL
tv
eye 87
favorite 0
quote 0
buffett's berkshi berkshi berkshire's hathaway. >>> shares of grupo modello were higher. federal regulators are worried about lack of competition in the beer market. >>> in the wake of boeing's battery problems, airbus is scrapping the same lithium batteries in its new a-50s. >>> tiffany and company filed a lawsuit against costco thursday claiming it falsely sold diamond engagement rings in its stores under the name. >>> walmart's british supermarket discovered horse dna from its beef bouillonese sauce. >>> women have made huge strives in the workforce. women made only 81% as their male counterparts last year. >>> and it was a very happy valentine for dave and nancy honeywell of fredericksburg, virginia. the lucky company collected $217 million powerball jackpot as a one-time payment of $136 million. the odds of that win, 1 in 175 million. that is a great valentine's day. >>> well, straight ahead, kangaroos take over a golf tournament. and lebron hands kevin a big one just before the all-star break. you're watching "early today." >>> welcome back. now to some other storie
buffett's berkshi berkshi berkshire's hathaway. >>> shares of grupo modello were higher. federal regulators are worried about lack of competition in the beer market. >>> in the wake of boeing's battery problems, airbus is scrapping the same lithium batteries in its new a-50s. >>> tiffany and company filed a lawsuit against costco thursday claiming it falsely sold diamond engagement rings in its stores under the name. >>> walmart's british supermarket...
142
142
Feb 10, 2013
02/13
by
CNN
tv
eye 142
favorite 0
quote 0
>> if you're lucky. >> if you buy wells fargo, you had warren buffett on there. if you buy wells fargo, which is the biggest mortgage lender in the country, in the world, you're getting a stock that's going to pay you nearly 3%. >> the dividend. just for owning the stock the company is going to give you money back. >> and continue to raise their dividend unless something really terrible happens in the economy. but something terrible did happen in the economy and wells fargo managed to strengthen their position. alan greenspan was on. you quieted him irrational exuberance, well-known quote. when he made that quote, i'm guessing stocks were trading, tech stocks on average were maybe 35 times earnings. today the best tech stock around, maybe google. i mean it's certainly a good one. and they dominate mobile, they dominate searches. driverless car, you name it. they're running on all cylinders, no pun intended. they're trading at about 16 times forward earnings. half the p.e. when former fed chairman greenspan, i want to repress his name, i do. because -- >> you just
>> if you're lucky. >> if you buy wells fargo, you had warren buffett on there. if you buy wells fargo, which is the biggest mortgage lender in the country, in the world, you're getting a stock that's going to pay you nearly 3%. >> the dividend. just for owning the stock the company is going to give you money back. >> and continue to raise their dividend unless something really terrible happens in the economy. but something terrible did happen in the economy and wells...
91
91
Feb 16, 2013
02/13
by
MSNBCW
tv
eye 91
favorite 0
quote 0
. >> what about warren buffett? he has a mega deal to acquire ketchup maker heinz. what is so valuable here? >> warren buffett looks at companies that have a very solid balance sheet and a lot of cash on the books. he acquired this company for $22 billion. and he said how this fits into his portfolio perfectly. known for investing in iconic american brands like coca-cola, anheuser-busch and dairy queen. he has been eyeing this for 20 years as a potential takeover. >> interesting. how about apple dropping the prices of the macbook pro and the macbook air. >> 14 million, how many ipads apple sold in the last quarter of 2012. compare it about the number of macbook pros they sold last quarter. what apple is doing, dropping the price of macbook pros by $200 to spark the return. >>> in today's one-minute playback. more than 12,000 videos posted. even our friends at the "today" got into it with a valentine's day themed routine. here is jimmy fallon's version. ♪ ♪ ♪ ♪ you know my heart burns for you... ♪ i'm up next, but now i'm singing the heartburn blues. hold o
. >> what about warren buffett? he has a mega deal to acquire ketchup maker heinz. what is so valuable here? >> warren buffett looks at companies that have a very solid balance sheet and a lot of cash on the books. he acquired this company for $22 billion. and he said how this fits into his portfolio perfectly. known for investing in iconic american brands like coca-cola, anheuser-busch and dairy queen. he has been eyeing this for 20 years as a potential takeover. >>...
230
230
Feb 15, 2013
02/13
by
CNBC
tv
eye 230
favorite 0
quote 0
warren buffett is on the hunt. >> i'm ready for an elephant. if you see any walking by, just call me. >> we'll talk to jimmy dunne and our guest host for the hour is robert kaplan. he was responsible for m&a at goldman sachs when he ran the investment banking division. >> the nightmare is over for the passengers of the carnival "triumph." ♪ celebrate another day ♪ >> but the problems for the cruise line are just beginning. we'll bring you a live report from mobile, alabama. where the ship has docked and we'll talk to an expert on marine technology as the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc, first in business worldwide i'm joe kernen along with becky quick. andrew ross sorkin is off today. he planned a four-day -- >> smart man. we're dummies. we didn't know we were off monday. >> u.s. equity futures indicated down about nine points. overseas, in asia, we'll take a quick look, see if there's any movement on this cruise ship debacle. no, nothing happening there in the asian markets. let's
warren buffett is on the hunt. >> i'm ready for an elephant. if you see any walking by, just call me. >> we'll talk to jimmy dunne and our guest host for the hour is robert kaplan. he was responsible for m&a at goldman sachs when he ran the investment banking division. >> the nightmare is over for the passengers of the carnival "triumph." ♪ celebrate another day ♪ >> but the problems for the cruise line are just beginning. we'll bring you a live report...
97
97
Feb 15, 2013
02/13
by
KPIX
tv
eye 97
favorite 0
quote 0
getting back to warren buffett and heinz, he must really like his ketchup. $23billion. put it on everything. >> really. >> another piece of pie. put it on there. i guess the house lost big at the trump plaza casino at the resort in atlantic city. he gave this casino away, basically, right? >> pretty much. the house took a pretty big loss on this one. a california company bought the struggling gambling hall for $20 million on thursday. the trump plaza actually cost $210 million when it was built almost two decades ago. the new owners say they will make a sizable investment in that property. that was like getting it on final clearance sale. what a deal! wow. >> as is. i know. all right. ashley morrison of cbsmoneywatch.com, thank you. have a great weekend. >>> it is 5:47. that is the word of the day. weekend! >> weekend. >> yeah. weekend! and what a weekend it's going to be. i think the weather is going to hold, too. what a day yesterday on valentine's day. today maybe warmer. mostly clear skies. we have a hint of patchy fog in the north bay right now. the temperatures al
getting back to warren buffett and heinz, he must really like his ketchup. $23billion. put it on everything. >> really. >> another piece of pie. put it on there. i guess the house lost big at the trump plaza casino at the resort in atlantic city. he gave this casino away, basically, right? >> pretty much. the house took a pretty big loss on this one. a california company bought the struggling gambling hall for $20 million on thursday. the trump plaza actually cost $210 million...
102
102
Feb 16, 2013
02/13
by
CNN
tv
eye 102
favorite 0
quote 0
warren buffett announced 80s buying is food giant heinz. and if u.s. regulators allow it, usair will take over bankrupt american airlines creating the world's biggest airline in the process. that deal is good for investors but passengers worry airfares will salute up. but take a look at this. just after airline deregulation came into effect, there were 20 major airlines in the united states. by 1990, there were only 12 major airlines in operation. today just seven and with "uss air and american merging we'll be down six. usair and american don't have a lot of overlapping routes or hubs. in the end there will only be about out routes out of the 9000 or so that will be served by one airline. they may see fares go up. but look at this. since 1979, prices for an average domestic economy airfare have dropped from $579 then to $365 now though they have started to tick up a little bit lately. so so much
warren buffett announced 80s buying is food giant heinz. and if u.s. regulators allow it, usair will take over bankrupt american airlines creating the world's biggest airline in the process. that deal is good for investors but passengers worry airfares will salute up. but take a look at this. just after airline deregulation came into effect, there were 20 major airlines in the united states. by 1990, there were only 12 major airlines in operation. today just seven and with "uss air and...
168
168
Feb 15, 2013
02/13
by
LINKTV
tv
eye 168
favorite 0
quote 0
warren buffett is teaming up investment firm -- with a brazilian investment firm to the ui -- to buy heinz. for 26 million dollars. perhaps devoting spare time to a challenging piano concerto. a video from the vatican tv shows pope an addict playing the piano. -- shows pope benedict playing the piano. showcasing work at the berlin film festival. this is in contrast with the rest of journey, where many women are unable to get work because of childcare. . >> the berlin film festival, i berlin itself, has always had a reputation for being edgy and different. for filmmakers like stacy, that is good news. >> all the other filmmakers i know also feel that way. if they are making cutting edge or edgy material, they are interested in going to berlin. interested in going to berlin.
warren buffett is teaming up investment firm -- with a brazilian investment firm to the ui -- to buy heinz. for 26 million dollars. perhaps devoting spare time to a challenging piano concerto. a video from the vatican tv shows pope an addict playing the piano. -- shows pope benedict playing the piano. showcasing work at the berlin film festival. this is in contrast with the rest of journey, where many women are unable to get work because of childcare. . >> the berlin film festival, i...
44
44
Feb 15, 2013
02/13
by
MSNBC
tv
eye 44
favorite 0
quote 0
sold to warren buffett. shares of anheuser busch inbev were higher after it changed its terms of its acquisition of the mexican brewer. >>> in the wake of boeing's battery problems, air bus is scraping the same lithium ion batteries. >>> tiffany and company failed a lawsuit against costco thursday saying that it falsely sold diamond ring under the tiffany name. >>> well, women have made huge strides in the work place but they're still falling short when it comes to pay. women made only 81% compared to their male counterparts. >>> it was happy valentine 's the day for this couple, they collected a $217 million powerball jackpot. >>> straight ahead -- kangaroos take over a golf tournament. and take a look at this amazing video from san diego. where sea world welcomed a new bundle of joy. you're watching today's "first look." to have germy surfaces. but after one day's use, dishcloths can redeposit millions of germs. so ditch your dishcloth and switch to a fresh sheet of new bounty duratowel. look! a fresh shee
sold to warren buffett. shares of anheuser busch inbev were higher after it changed its terms of its acquisition of the mexican brewer. >>> in the wake of boeing's battery problems, air bus is scraping the same lithium ion batteries. >>> tiffany and company failed a lawsuit against costco thursday saying that it falsely sold diamond ring under the tiffany name. >>> well, women have made huge strides in the work place but they're still falling short when it comes to...
138
138
Feb 15, 2013
02/13
by
KICU
tv
eye 138
favorite 0
quote 0
we have berkshire-hathaway, warren buffett's group, buying heinz, the a-m-r u.s. airways deal. what does this mean for wall street? > > i think it is really good. i think it points toward some bullishness in the market, and some bullishness in the m&a market, which is good for everybody. i think that you could see a real pickup in m&a activity toward the end of q1 and into q2, which is bullish the s&ps and dow for sure. > thank you mark. have a good trading day. > > thank you. the merger of american airlines with u.s. airways is the 5th large airline merger since 2001. our cover story takes a look at who wins on the business side and whether consolidation of two more large carriers is good for consumers. american airlines keeps its name, but analysts say it'll be u.s. airways management in charge with increased collaboration from employee labor groups. "i'm hopeful and optimistic they'll include labor, whereas american did everything to exclude labor from their business practices." both airlines have been flying in different directions. since november, 2011, american, operating
we have berkshire-hathaway, warren buffett's group, buying heinz, the a-m-r u.s. airways deal. what does this mean for wall street? > > i think it is really good. i think it points toward some bullishness in the market, and some bullishness in the m&a market, which is good for everybody. i think that you could see a real pickup in m&a activity toward the end of q1 and into q2, which is bullish the s&ps and dow for sure. > thank you mark. have a good trading day. > >...
78
78
Feb 14, 2013
02/13
by
FBC
tv
eye 78
favorite 0
quote 0
warren buffett's berkshire hathaway making a splash on wall street. berkshire and private equity firm 3g capital acquire heinz more more than $23 billion. warren buffett spoke to our own liz claman about the deal and the 72.5 share purchase price a short time ago. take a listen. >> how did you pick the price of 72.50 with the 3g guys? >> they did most of the work what to pay. i went along with it and, i was reluctant but i signed up. melissa: there you go. meanwhile the european union's economy contracted the most in four years. the unly sharp drop led to a sharp drop on wall street. blue ships dropped nine points. nasdaq and s&p 500 eked out slight gains with the s&p hitting a fresh five-year high. >>> coming up on "money", the government love affair with solar and wind energy has never been stronger but will it turn the lights out on the nuclear energy industry? ceo of westinghouse electric joins us exclusively. that is coming up next. >>> plus love is filling the air today. making guys they would normally never buy to win women's hearts. if you wan
warren buffett's berkshire hathaway making a splash on wall street. berkshire and private equity firm 3g capital acquire heinz more more than $23 billion. warren buffett spoke to our own liz claman about the deal and the 72.5 share purchase price a short time ago. take a listen. >> how did you pick the price of 72.50 with the 3g guys? >> they did most of the work what to pay. i went along with it and, i was reluctant but i signed up. melissa: there you go. meanwhile the european...
91
91
Feb 15, 2013
02/13
by
CNBC
tv
eye 91
favorite 0
quote 0
warren buffett, berkshire hathaway. the 20% premium over wednesday's closing price and holders of june 65 calls a healthy profit. sec's case reportedly building on another insider probe following 3g's buyout of burger king. florida based investor settling charges he received information ahead deal from his former broker. heinz says it hasn't been contacted by sec and calls seeking comment from berk shire and sec have not been returned. >> thank you very much. >>> gold falling below 1600 an ounce. its worst week in sometimes. and there is no love lost between costco and tiffany's. here is courtney reagan. >> that right, sue. little blue book # box takes on the big box retailer. i've got details in the battle over bling coming up. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. great, everybody made it. we all work
warren buffett, berkshire hathaway. the 20% premium over wednesday's closing price and holders of june 65 calls a healthy profit. sec's case reportedly building on another insider probe following 3g's buyout of burger king. florida based investor settling charges he received information ahead deal from his former broker. heinz says it hasn't been contacted by sec and calls seeking comment from berk shire and sec have not been returned. >> thank you very much. >>> gold falling...
97
97
Feb 14, 2013
02/13
by
CNBC
tv
eye 97
favorite 0
quote 0
first, diving into that deal, gentlemen, warren buffett's berkshire hathaway and brazil's 3g ketchup king, buying it out for about $23 billion, the buyingest buyout ever in food industry. shareholders get $72.50 per share but that is a 20% premium to heinz closing stock price yesterday. who are the big winners? check out heinz top institutional shareholders. it is really a who's who list. blackrock, vanguard, state street, capital world and fed rated. warren buffett on squawk box earlier this morning and he talked about his partnership with 3g to buy heinz. >>er with putting up more of the money but going to be an equal equity partner with 3g. and there will be 8 billion of preferred stock. and then well each have 4 and a fraction billion of common equity. swoel split the equity. but we're a financing partner in addition and there are the operational guys. >> well, we always think about ketchup with heinz, but if isn't just about ketchup. take a look at other brands it owns, such as tgi fridays. classico and food star. they have been moving smartly to the upside. see the spike at the
first, diving into that deal, gentlemen, warren buffett's berkshire hathaway and brazil's 3g ketchup king, buying it out for about $23 billion, the buyingest buyout ever in food industry. shareholders get $72.50 per share but that is a 20% premium to heinz closing stock price yesterday. who are the big winners? check out heinz top institutional shareholders. it is really a who's who list. blackrock, vanguard, state street, capital world and fed rated. warren buffett on squawk box earlier this...
WHUT (Howard University Television)
35
35
Feb 16, 2013
02/13
by
WHUT
tv
eye 35
favorite 0
quote 0
they discovered their, or perhaps like warren buffett, without discovered investing when he was 11 or 12. these people, whether they were using piano key, paintbrush or computer keyboard, pencil paper in the case of warren buffett, they discovered their calling at a young age and they fell in love with it. and that is a very common theme for the people that we encounter as they then start to develop idea its. >> rose: your job is to find them and test their idea. >> yeah. >> rose: and rigorous examination of its potential. >> and then to be business partners with them for a very long time. because i don't think it's an accident that many of these people who start something when they're very young then spend decades building those businesses. os that. because that all came after you were, went to sequoia. so you're in london. you talk to the man at the daily times and he says i would go to america. that is where i would go. >> yeah. >> rose: so you come here. >> i came here and i couldn't afford to come here. so i applied for a bunch of scholarships to american universities and luckily
they discovered their, or perhaps like warren buffett, without discovered investing when he was 11 or 12. these people, whether they were using piano key, paintbrush or computer keyboard, pencil paper in the case of warren buffett, they discovered their calling at a young age and they fell in love with it. and that is a very common theme for the people that we encounter as they then start to develop idea its. >> rose: your job is to find them and test their idea. >> yeah. >>...
112
112
Feb 10, 2013
02/13
by
FBC
tv
eye 112
favorite 0
quote 0
perhaps made the president look bad, perhaps an embarrassment, moody's major investor being warren buffett, they weren't involved, haven't been called out just yet. the smell test isn't great right now. >> well, with respect to the premise of the segment, i think it's silly to accuse the justice department of doing the treasury department's bidding. it just doesn't work that way. there's a longstanding tradition of going after number one, the market leader, and trying to set, to make an example. >> the market leaders. >> hold on. >> that's the point that he's trying to make. >> and let-- finish the point, adam. >> trying to understand it. >> you make an example of somebody with deep pockets. i've said that earlier. we don't have to like it, but that's how litigators and regulators go about their business and by the way, it is punitive m in case. >> okay, ben, again, saying you make an example. it's pretty curious and no one feels sorry for any of these guys, they put america through hell. why the timing of it? why s & p and none of their competits? >> wiell, i'm not fan of eric holder, i k
perhaps made the president look bad, perhaps an embarrassment, moody's major investor being warren buffett, they weren't involved, haven't been called out just yet. the smell test isn't great right now. >> well, with respect to the premise of the segment, i think it's silly to accuse the justice department of doing the treasury department's bidding. it just doesn't work that way. there's a longstanding tradition of going after number one, the market leader, and trying to set, to make an...
98
98
Feb 15, 2013
02/13
by
WJZ
tv
eye 98
favorite 0
quote 0
. >>> billionaire warren buffett is teaming up with 3g capital, a brazilian-backed private equity company to buy heinz for more than $23 billion. ketchup is the most famous of the heinz' 57 varieties. they're expected to expand the 144-year-old company too into a global powerhouse. heinz shares were up 20% closing at $72.50 a share. >>> toyota will pay $29 million to 30 states and american samoa to settle a safety lawsuit filed by attorneys general. the lawsuit was related to allegations that toyota concealed defects in its vehicles that led to unintended acceleration. toyota has agreed to provide information to its customers in a more timely fashion. >>> and, finally, the house lost big at the trump plaza casino and resort in atlantic city, new jersey. a california company brought the struggling gambling hall for $20 million on thursday. the trump plaza cost, get this, $210 million when it was built almost two decades ago. the new owner says they will make a sizeable investment in the property. and that is quite a deal, anne-marie. >> it is. ashley morrison here in new york, thank you. >
. >>> billionaire warren buffett is teaming up with 3g capital, a brazilian-backed private equity company to buy heinz for more than $23 billion. ketchup is the most famous of the heinz' 57 varieties. they're expected to expand the 144-year-old company too into a global powerhouse. heinz shares were up 20% closing at $72.50 a share. >>> toyota will pay $29 million to 30 states and american samoa to settle a safety lawsuit filed by attorneys general. the lawsuit was related to...